Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.012%

Price spread now: Lighter against HTX−0.066%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$210.206% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.066%, 7d avg −0.023%

Together, before fees+0.179%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.043% cheaper against HTX than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.023%). If the spread goes back, that is −$4 on $10k: about 39 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.081% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SPCX-USDT	152.54	0	get 0.0000% / 8h	1h 42m	$1.3M	$1.8M	75x
Short	Lighter SPCX	152.44	0.0088	get 0.0011% / 1h	42m 08s	$1.6M	$7.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee LighterbpOrdersPrice spread, now −0.066%Rate

Funding earned: $18.48
Price spread: −0.066% → −0.023%: −$4.3
Slippage, 4 orders: −$8.55
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.37
Costs to cover: 0.206%
Break-even: 9.4 days

Slippage from HTX: live order book, 2 min ago; Lighter: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 2 min ago	1.64 bp	7.6 bp −$8	7.6 bp −$76	24.2 bp −$2,416	doesn't fit
Sell Lighter live order book, 6 min ago	0.33 bp	0.7 bp −$1	1.1 bp −$11	8.7 bp −$866	doesn't fit

SPCX on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX SPCX/USD [ETH-USDC]	L −0.0187% / S +0.0435%	1h	152.41	−0.089%	$90K	—	20x	as long as short
BloFin SPCX-USDT	−0.0017%	8h	152.57	+0.020%	$1.9M	$1.2M	75x	as long as short
Bybit SPCXUSDT	0.0000%	8h	152.49	−0.033%	$30.6M	$42.7M	100x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.46	−0.052%	$96.1M	$31.8M	100x	as long as short
Bitget SPCXUSDT	0.0000%	8h	152.49	−0.033%	$31.2M	$66.0M	75x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.53	+13.105%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.57	+0.020%	$300K	$2.7M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.81	+0.177%	$8K	$897K	10x	as long as short
HTX SPCX-USDTlong	0.0000%	8h	152.54	long leg	$1.3M	$1.8M	75x
Aftermath Perps SPCXUSD	+0.0021%	1h	152.50	−0.025%	$7K	$8K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH SPCX	+0.0032%	1h	152.42	−0.079%	$2.5M	$7.3M	20x	as long as short
QFEX SPCX-USD	+0.0038%	1h	152.48	−0.039%	$1.2M	$5.5M	10x	as long as short
Arcus SPCX-USD	+0.0040%	1h	152.48	−0.039%	$103K	$299K	5x	as long as short
Vest SPCX-USD-PERP	+0.0046%	1h	152.45	−0.059%	—	$1.2M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.49	−0.033%	$1.7M	$97K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.47	−0.046%	$531K	$383K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.39	−0.098%	$3.2M	$2.2M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0068%	1h	152.48	−0.039%	$487K	$1.2M	10x	as long as short
RISEx SPCX/USDC	+0.0072%	1h	152.53	−0.010%	$408K	$498K	20x	as long as short
Paradex SPCX-USD-PERP	+0.0077%	8h	152.52	−0.016%	$101	—	5x	as long as short
tradeXYZ xyz:SPCX	+0.0079%	1h	152.40	−0.092%	$130.0M	$129.1M	20x	as long as short
Variational Omni SPCX	+0.0084%	8h	152.58	+0.025%	$6.0M	$2.8M	—	as long as short
Lighter SPCXshort	+0.0088%	1h	152.44	−0.066%	$1.6M	$7.4M	20x
Pacifica SPCX	+0.0100%	1h	152.45	−0.059%	$169K	$118K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.42	−0.079%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.45	−0.059%	$58K	$272K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.48	−0.039%	$14K	$7K	10x	as long as short
Binance SPCXUSDT	+0.0103%	8h	152.49	−0.033%	$250.7M	$1.36B	75x	as long as short
Extended SPCX-USD	+0.0104%	1h	152.47	−0.048%	$733K	$4.3M	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.49	−0.035%	$88	—	10x	as long as short
OKX SPCX-USDT-SWAP	+0.0115%	8h	152.50	−0.026%	$39.6M	$166.7M	75x	as long as short
Coinbase International SPCX-PERP-INTX	+0.0192%	1h	152.62	+0.052%	$726K	$932K	10x	as long as short
Phoenix SPCX	+0.0210%	1h	152.56	+0.013%	$443K	$266K	15x	as long as short
Nado SPCX-PERP	+0.0226%	1h	152.40	−0.089%	$627K	$808K	20x	as long as short
Bullet SPCX-USD	+0.0257%	1h	152.50	−0.026%	$11K	$192K	10x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0341%	1h	152.45	−0.059%	$89K	$1.3M	10x	as long as short
Aster SPCXUSD1	+0.0364%	8h	152.65	+0.074%	$18.9M	$26.3M	20x	as long as short
Injective SPCX/USDC PERP	+0.0440%	1h	152.89	+0.229%	$9K	$28K	5.5x	as long as short
edgeX SPCXUSDC	+0.0976%	4h	152.55	+0.005%	$1.7M	$893K	20x	as long as short